Does AMD’s Q2 Revenue Drop in GPUs Portend a Decline in Industry-wide Crypto Mining?

Colleagues, although AMD’s primary competitors are Intel and NVidia, its 3% decline in sales of GPUs for crypto miners is cause for concern. Yes, crypto mining sales account for only 6% of AMD’s total revenue. Nonetheless, the question remains: Is this revenue miss a one quarter aberration, is AMD losing market share to other crypto ASIC miners or is the crypto mining segment as a whole facing a slowdown? And what is the overall health of Bitmain, DragonMint, Titan V (NVidia) and Avalon? We do know that crypto mining in aggregate is highly correlated to price fluctuations in Bitcoin which reached an all-time high of $19,009 on December 18, 2017 and now has struggled to reach $8405 today. Other key factors in crypto ASIC mining demand include the price of Altcoins such as Ethereum, Ripple and Litecoin, along with the cost of electricity in China and Central Asia. Ultimately we need to examine the supply-demand ratio for ASIC mining rigs. Bottom line: While overall demand for cryptocurrency continues to expand at what point does the supply of available crypto tokens become limited? Send us your comments today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)